Synechron, a global IT services company today announced the formal inauguration of its new Bangalore and Hyderabad facilities, thereby fortifying its delivery capabilities in South India.
The two new centres in southern India will focus on delivering domain intensive and differentiated technology capabilities to clients in the banking and financial services. The company also plans to aggressively drive its business by investing $30-35 million on India expansion over the next three years.
The company plans to ramp up expansion to 225 employees in Bangalore and 150 employees in Hyderabad over the current fiscal year. This will contribute to the company’s total workforce of 5000 plus professionals out of which 3800 are based in Pune.
Speaking on the occasion, Faisal Husain, Co-Founder and CEO, Synechron stated, “Our expansion drive is in line with our strategy to increase our delivery capabilities in India giving Synechron access to a larger and highly capable talent pool. The infusion of skills from these centres will enable us to develop solutions for our global and India customers and lend further cadence to our delivery credentials.”
The Bangalore and Hyderabad centres complement Synechron’s recently inaugurated state-of-the-art facility in Pune. The company has been growing at a CAGR rate of over 35% for the past six years to become a $200 million annualized revenue entity. It has emerged as amongst the fastest growing technology consulting companies providing technology, consulting services with a micro verticalised focus in Capital Markets, Insurance, Mortgage Banking, Energy and Commodities, and
Digital Media.